Tether : Anatomy of Asset Reserves VS US Debt exposure

For every 1 USDT held, we finance 80 cents of US debt.

80% of Tether’s asset reserves are allocated to US debt.

According to Tether’s asset reserve structure as of June 30, 2025.

Here is the source table : 

All the figures come from the following june's report of TETHER:

which visually looks like this :